California’s New ‘Gas Price-Gouging Law’ Flunks the Basic Economics Test - Foundation for Economic Education

 "The truth is, Gavin Newsom's Division of Petroleum Market Oversight cannot solve a simple economic reality: scarcity." Yet when you had the chance to remove Gav the Gov for a better man, California chose to keep this albatross. TD

AF Branco; Townhall

Nothing to see here: Devon Who?, Rah Rah “Bidenomics,” “Illusions of Access” (legalinsurrection.com)    "Another week, another week of Democrat propagandist media antics. From ignoring stories about their Dear Leader that they would be cycling 24/7 if they were about any Republican to promoting absolute crazy in lieu of actual news, the Democrat hacktivists have had a busy week.

"Having been in around-the-clock propaganda mode about what a wonderful, leg thrill-inducing success “Bidenomics” has been, the Democrat hacktivists are not breaking through.

Newsbusters: “MEDIA FAIL: New CBS News Poll Shows Most Americans Think ‘Bidenomics’ Sucks”

ZeroHedge: “Biden Gaslights Americans With Fake ‘Manufacturing Boom’ As US Production Plunges”

Speaking of gaslighting (via Twitchy): The NY Times “reports” that “it’s ‘long been known that elder Biden’ interacted with son’s business partners.”

Fee.org   "Gov. Gavin Newsom (D-CA) took to Twitter earlier this week to crow about California ’s “first-in-the-nation” gas price-gouging law designed to prevent oil companies from overcharging consumers.

“A NEW independent watchdog — The Division of Petroleum Market Oversight — will monitor the industry to help ensure you’re not being ripped off,” Newsom tweeted. “Time to hold oil companies accountable.”

"The legislation, which was signed into law in March and went into effect on Monday, requires refineries to send daily reports to the petroleum oversight division — all to protect consumers by shining “a light on price manipulation so Californians aren't vulnerable to the greedy whims of Big Oil," in Newsom’s words.

"The idea that greedy oil companies are swindling consumers is alluring, especially since California has the highest gas prices in the country — about $1.08 more than the U.S. average, according to Jamie Court, the president of Consumer Watchdog.

"But there are better explanations for California’s high gas prices than “price gouging.”

"or starters, California consumers pay 83.5 cents in taxes and fees for every gallon of gas they pump, according to the Energy Information Administration — more than any other state with the exception of Illinois (85.8 cents per gallon).

"This alone is a big reason Californians pay much more for gas than most other Americans, but it’s not the only reason." . . .